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I found it interesting to research what this guy really holds in crypto. Elon Musk has always been controversial about Bitcoin and company, so I went to see what he actually hodls.
Bitcoin is obvious. Tesla invested 1.5 billion in 2021, and although they sold most of it later, Musk confirmed that he still has BTC. It makes sense—it’s basically digital gold. Bitcoin is at $79K right now, so that’s not a small amount.
Ethereum is also in his wallet. He revealed it in 2021 at a conference. Ethereum is the base of everything that’s happening in DeFi and NFTs, so if you believe in crypto, Ethereum is kind of a must-have. It’s at $2.25K at the moment.
But his real favorite is Dogecoin. Like, he calls it “the people’s crypto,” wants to use it for payments at Tesla... the hype he created around DOGE is insane. It’s at $0.11 right now. He likes it because it’s a meme, it’s fun, but he also believes in its potential as a payment method.
There’s speculation about Shiba Inu and Floki (which was even named after his dog), but he denies having them. Even so, his tweets stir up all the crypto that has dog themes.
It’s like, this guy has insane market power. Anything he posts about crypto moves the prices. Do you think he really believes in it, or is it just for fun?